Bank of America may rise to 42.30 - 43.40

37 is our pivot point.

Our preference

Short term rebound towards 42.3.

Alternative scenario

The downside breakout of 37 would call for 35.1 and 34.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 39.0695 and 40.136).

Supports and resistances

44.5 **

43.4 *

42.3 **

41.2

38.75 (USD-last)

37.7

37 **

35.1 *

34 **

Number of asterisks represents the strength of support and resistance levels.